In a strategic move to enhance trade finance access for SMEs across Saudi Arabia, MUHIDE, the leading fintech platform focused on governing and authenticating B2B trade transactions, has announced a partnership with Themar, a Saudi-based crowdfunding platform specializing in Sharia-compliant trade financing solutions.
This collaboration aims to empower SMEs with innovative financial tools that strengthen liquidity and support business expansion while contributing to economic growth and the realization of Vision 2030 objectives.
Through this partnership, MUHIDE will enable SMEs to leverage Themar’s crowd-lending capabilities via its platform, offering tailored financing solutions that address their unique trade finance needs. The partnership creates a secure and transparent ecosystem that helps SMEs overcome liquidity challenges, ensuring a smoother path toward sustainable growth.
With over one million SMEs in Saudi Arabia, many continue to face difficulties in securing sufficient funding to scale their operations. MUHIDE’s platform provides buyers and sellers with an added layer of transparency and credibility in their trade transactions, giving Themar full visibility into operational and commercial relationships. Leveraging MUHIDE’s legal and operational governance tools—such as digitally authenticated agreements through Wathiq, unified electronic contracts signed via the National Single Sign-On (Nafath), and blockchain-powered smart contracts—reduces the risk of fraud and manipulation. This enhanced governance helps previously high-risk SMEs build stronger credit profiles, enabling access to competitive financing options that drive growth and financial resilience.
Hashim Al Hussaini, CEO of RATL Technology (the provider of MUHIDE), commented:
“One of the key goals of this partnership between MUHIDE and Themar is to showcase the power of collaboration between Saudi startups. It reflects our shared commitment to supporting SMEs by improving cash flow and contributing to the local economy through strengthened governance, transparency, and investor confidence.”
Themar’s Co-Founder and COO added:
“We are excited to partner with MUHIDE to deliver innovative and accessible financing solutions for SMEs. This collaboration aligns with our mission to empower businesses, enabling them to overcome financial challenges and grow with confidence while reinforcing the goals of Vision 2030.”
By joining forces, MUHIDE and Themar are not only opening new growth avenues for SMEs but also advancing Saudi Arabia’s ambition of building a vibrant, diverse, and inclusive economy.
